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Romania's business services industry generated revenue of EUR9 billion in 2019, employing some 179,000 people countrywide and having almost 1,080 firms registered at the finance ministry with specific CAEN (Classification of Activities in the National Economy) codes, per a survey by the Association of Business Service Leaders in Romania (ABSL) in association with PwC Romania.
Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) said in a stock market report Thursday that it raised RON45.8 million from 52 shareholders which subscribed 18.3 million shares within the company’s share capital increase carried out via Prime Transaction.
Business software producer EPAM Systems has leased 1,100 square meters of office space in Bucharest’s Crystal Tower project, based on a contract concluded with PPF Real Estate, a Czech developer and investor with real estate assets worth EUR2.4 billion globally.
Romania's finance ministry on Thursday reopened a bond issue due in November 2025, raising 413.6 million lei (EUR83.5 million), RON87 million below the targeted level, at an average yield of 3.86%, central bank data showed.
Romania's Finance Ministry attracted RON650.5 million and EUR59 million through an issue of government bonds for individual investors (FIDELIS), with three different maturities, sold on the capital market. It is the fifth offer of government securities carried out by the Ministry of Finance on the stock exchange in the last five quarters.
The Romanian capital market registered significant growth rates in the first nine months of 2021, and the companies listed on the Bucharest Stock Exchange (BVB) managed to obtain significant performances in relation to other developed markets.
Steel mill Liberty Galati (former Sidex Galati) on Thursday said Romanian authorities have issued the environmental permit for the closure of the steelwork’s slag dump and the reinforcement of its right bank, in order to protect the Malina watercourse.
The average value of a transaction closed in Romania stood at $15 million in 2021, lower by 24% than the average recorded in 2020. Domestic deals grew by 13%, accounting for half of the volume of transactions and averaging $8 million per deal, according to EY data.
Meta Estate Trust, a Romanian holding–type company focused on investments in the local residential sector, on Thursday said it appointed Raluca Dragan to the position of Chief Financial Officer (CFO).
Kangoopack, an Alba Iulia-based company providing integrated packaging solutions, founded and controlled by entrepreneur Mariel Petric, in the first six months of this year registered a 50% turnover increase against the same period of last year, to EUR3 million, while operating profit rose by 60%, according to the company’s representatives.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.10% a year on Thursday (October 7).
Romanians spent RON1.85 billion on drinking milk-type products, in 2020, with the market growing on average 21.6%, in line with data provided by market research company Euromonitor.
BMW Romania, through APAN Iasi dealer, registered the first order for a fleet of i4 electric cars worth above EUR250,000. The order was logged with an extension possibility.
Paint and coatings manufacturer Sarcom Valcea, owned by brothers Aurel and Marinica Potop, in 2020 registered net profit worth RON12.1 million (EUR2.5 million), 52% higher year-on-year, in line with Finance Ministry data.
A contract worth almost RON28 million has been awarded by Cluj County Council to three builders for the restoration and conservation of the Banffy Castle of Rascruci (Bontida commune), where the Electric Castle festival is held.
HAVI Logistics, a major transport and logistics firm on the Romanian market and one of the world’s biggest operators for fast food restaurant and convenience food brands, in 2020 generated net profit worth above RON3.1 million (EUR655,500), up 78% year-on-year.
Software solutions provider Life is Hard (LIH.RO), which is listed on the AeRo market of the Bucharest Stock Exchange, on Wednesday said its Executive Board approved a decision to lend a total RON1.5 million to Innobyte Solutions (100% held by Life is Hard), at an interest rate of 1.25% per annum.
Romanian investment fund Black Sea Fund, focused on deals with small and medium-sized enterprises in Romania, with a capital of over EUR43 million, has appointed Iulian Portasa, as Partner.
The Bucharest Stock Exchange on Thursday said three new Fidelis government bond issues for the general population, denominated in the local currency and euro, will start trading on the Main Market under the trading symbols R2210A, R2410A and R2610AE, respectively.
Romanian carmaker Dacia sold 3,867 cars in the United Kingdom, in September 2021, fewer by 26.52% than 5,263 units sold in the same period in 2020.21152 items